This brings up many questions and possibilities. Will the government step in a second time to prevent bankruptcy? Because, the last time all stock went to 0, this time the unions and government are holding most of the shares. Will the government step in and artificially raise the stock price? At least to the point where they could sell it with out losing too much. And will the government step in to help GM, by giving GM as many government fleet contract as possible? New military vehicles, FBI, etc cars and trucks. Getting into bed with GM is going to hurt tax payers no matter what the outcome, but maybe we can make some money in GM stock so it won't hurt so much.
What percent of GM is owned by countries other that the United States — China for one?